Sad Story .... Blockstream CSO doesn't like the truth 🤷‍♂️

btw tether doesn't need fdic insurance; fdic is a (relatively fake, because it is so small) insurance agency to cover the loss for depositors that can come in insolvent banks randomly due to trust problems. All banks currently are insolvent, because they lend out on term the deposits that are on demand.

A normal productive company or value producing association must be solvent at all times, but banks got a free run. It is part of the great banking scam. edit: ... and the purpose of fdic is to hide that.

Don't know if you are sarcastic here, but to be safe: We have an answer, which is sound money, with sound money there can be no lender of last resort and the market will expect all banks they use, to be solvent at all times.

Sound money that at the same time is cheap to hold, secure and transact, easy to use and even teleportable. The answer is bitcoin cash.

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